Tom Hanks' House: The 'Medical Warehouse' in Pacific Palisades

Tom Hanks lives in a $26 million home in Pacific Palisades, California, that locals and architecture writers have nicknamed the "Medical Warehouse" for its industrial, warehouse-inspired design. The home, designed by the late architect Charles Gwathmey (of the Gwathmey Siegel firm), sits on a 1.17-acre lot in one of Los Angeles's most exclusive neighborhoods. Remarkably, the home survived the devastating Palisades Fire of January 2025 that destroyed much of the surrounding neighborhood.

Key facts

• Location: Pacific Palisades, Los Angeles, California
• Purchase price: $26 million (per Yahoo Entertainment and TMZ)
• Architecture: Gwathmey Siegel design, industrial / warehouse aesthetic
• Survived the Palisades Fire, January 2025
• No confirmed Florida home for Tom Hanks

The "Medical Warehouse" design

The Gwathmey Siegel aesthetic draws on late-modernist industrial architecture: exposed concrete, large geometric window openings, flat-plane facades with minimal ornamentation. Urban Splatter and Haute Residence both describe the home as striking from the exterior while delivering a warm, highly livable interior. At $26 million in Pacific Palisades, it sits at the middle tier of that specific neighborhood's luxury range, not at the apex.

The Palisades Fire: an unexpected story

In January 2025, the Palisades Fire became one of the most destructive wildfires in California history, destroying more than 6,000 structures in Pacific Palisades, Altadena, and surrounding communities. According to multiple media reports (TMZ, Urban Splatter March 2026), the Hanks property survived intact while nearby homes were destroyed. The preservation of specific concrete-heavy modernist structures during the fire attracted significant architectural commentary about fire-resistant design.

What $26 million buys in South Florida instead

For buyers considering relocating from California, the $26 million comparison is instructive. In South Florida in 2026, $26 million buys at the very top of the market:

• Palm Beach (waterfront): A 10,000-15,000 sq ft oceanfront estate on one of the most prestigious streets in America, with pool, pool house, and direct Atlantic access
• Jupiter Island (Martin County): An oceanfront compound similar in scale to Tiger Woods' estate, with 5-10+ acres and private beach access
• Indian Creek Island (Miami-Dade): A 25,000 sq ft+ compound on one of the most private gated islands in the world
• Manalapan (Palm Beach County): A direct ocean-to-intracoastal estate on a barrier island with some of the most extreme privacy in Florida

Beyond the price, South Florida buyers at this level also benefit from no state income tax. A California resident paying California's 13.3% marginal rate on $5 million of income saves $665,000 per year by relocating to Florida. That math is part of why Mark Wahlberg ($37M in Delray Beach), Kevin James ($17M in Boca Raton), and hundreds of high-earners have made the move.

Thinking about what $26 million buys in South Florida? Pure Equity Realty covers the full Palm Beach County, Broward, and Miami-Dade luxury market. Explore luxury listings, waterfront estates, or talk to our team about what's available at your price point.

Frequently asked questions

Where does Tom Hanks live?

Tom Hanks lives in Pacific Palisades, California, in a $26 million modernist home designed by Charles Gwathmey. The home survived the January 2025 Palisades Fire. He has no publicly confirmed Florida residence.

Did Tom Hanks' house burn down in the California fires?

No. The Tom Hanks Pacific Palisades home survived the January 2025 Palisades Fire, according to TMZ and Urban Splatter (March 2026 reporting).

Published June 21, 2026. Based on publicly reported information from Yahoo Entertainment, TMZ, Urban Splatter, and Haute Residence. We do not publish private addresses.